In the conference room of the Free City Investment Company, Andy listened to the report of the results of this group of traders and their next goal of choice.

This kind of seminar has long been a daily must-have job. This is also the best way for them to compete with each other and maintain pressure. Of course, more importantly, high-risk speculative goals can be eliminated in the argument.

"I still think that, neither Citibank or Wells Fargo's current stock price is not low, and there is no big boom, the timing is not right to short them ..."

"The timing? Citibank lost $ 9.83 billion in the fourth quarter of last year and urgently raised $ 12.5 billion through public offerings and private placements to make up for this hole.

It is conceivable that the financial report for the first quarter of this year will still be the result of huge losses. Although the stock market is now stable, you and I all know that this is just a shock consolidation of unknown future conditions.

Looking at the trading volume, it is pitifully small. As long as there is a signal in the market, it will step on and cause greater panic. The timing you said is coming. The problem is that people all over the world know that the timing is coming! "

"You need to understand, that's Citibank! Do you think the government will make it bankrupt? The Fed will definitely help them ..."

Bardstone, who has been looking at the information, looked up and said with a serious expression: "It is not the best time to short Citi and Wells Fargo. There are no related events. If we go short, we will directly face those hedge funds. Wait again, we will start after the second wave of bank failures begins. "

Andy leaned on the boss chair in the main seat. He didn't speak from the beginning of the meeting. He heard the decision of Bardstone, nodded slightly, and said with a smile, "In fact, you can start planning. . "

The words of the big boss refreshed everyone in the meeting room, but they knew that the big boss was never targeted, and that a new feast might begin.

"In these days, the US Federal Banking Supervisory Authority will announce a regulation on new types of national bank licenses, which is called" Pending License ".

This is OCC's initial conditional approval for investors to obtain a business concession from the National Bank, and it is a requirement that the relevant investment group can implement the merger and acquisition of "distressed institutions".

The purpose of OCC's implementation of this initiative is to expand the acquisition of troubled banks by potential buyers and facilitate investors to make new equity investments in troubled savings institutions. "

Wow

There was a sudden uproar in the conference room. This clause was an endorsement of the private acquisition of the National Bank. This was just a new feast for the grandmother, and everyone was a little stunned.

"Yes, that is to say, the US banking industry will undergo a round of market structure integration, and the concentration and monopoly of the banking industry will further increase.

A new wave of bankruptcy will soon come, and the Federal Deposit Insurance Corporation will play the role of bankruptcy receiver.

According to past practice, when fdic takes over those “struggled banks”, it usually seeks a financial institution such as a commercial bank or a savings and loan institution to bid before a bank closes, while other institutions such as private equity investors cannot participate. .

This new rule allows potential non-bank acquirers to apply for a conditional "pending activation license" that applies only to National Bank, which is "inactive" after it is issued.

Once these acquirers win the auctioned bank from the fdic bidding, these institutions can officially activate the national bank's license and acquire the assets of the taken over bank from fdic and assume the debt under the deposit. "

Andy smiled and explained to everyone a little, and looked at everyone with some incredible expressions, and his heart was filled with emotion.

Hamilton told him this was the legal support Paulson was looking for in order to get him the bank he wanted. Of course, Andy didn't believe that Paulson was only for him. To put it bluntly, Paulson also created a door for those sharks who lived by it, so that they could unscrupulously complete the reintegration of the banking industry. And mergers.

The United States is a legal country. In order to prevent future economic crisis investigation agencies from turning over their old accounts, all large-scale acquisitions must be conducted within the framework permitted by law. Private acquisitions of national banks are not allowed, but now there are pending licenses. Andy can smoothly and legally get the required bank.

Ha ha, are you familiar? Yes, to put it plainly is to legally resell the acquired guo with assets ...

Andy took Bardstone to the Gaia company on the upper level. The busy atmosphere of the whole Gaia company became more and more intense, and everyone walked at a trot speed.

"Hi boss……"

"boss."

Along the way, Andy smiled and nodded as he walked past him to greet him.

"Boss, is there a new project again?" Bardstone looked at the busy and tense office lobby, everyone was looking at a pile of information, and some people were shouting to report the numbers and handing them over. To another person.

"Well, the financial status of the Miami Valley Bank, Douglas National Bank of Missouri, and Hume Bank of Missouri before they cleared their accounts. I have received the pending license issued by the Occ. After they announce it, we will take over. These three banks, free of charge, just need to bear debt. "

With a bright smile, Andy turned to look at Bardstone and explained to him, looking at the strange expression on Bardstone's face, he couldn't help chuckle.

In the office, Andy took a leisurely aroma of coffee, listening to what Al reported to him.

"The Bank of Miami Valley was bankrupted in October last year, with total assets of 254 million and savings of 230 million. It was bankrupt due to ineffective fund turnover. At present, there are a large number of properties confiscated because of loan outages, and no one has been auctioned. Participate in the auction ...

Douglas National Bank of Missouri, with total assets of $ 58.5 million, went bankrupt due to a bank run in January this year and was the first bank to be killed by a run nightmare.

The current asset value of Hume Bank, Missouri is only $ 18.7 million, but there are ... 600 mortgaged properties on hand for auction. "

"puff"

Andy almost squirted out the coffee in his mouth, wiped the corners of his mouth with a tissue, and asked with a bitter smile: "How many mortgage properties does Miami Valley Bank have now?"

"800 buildings ..."

"Hehe ..." Andy shook his head with a bitter smile on his face and spit out, "Xiete, I am going to become a big realtor!"

Al and Bardstone didn't hold back their smiles, and laughed loudly, but the laughter stopped shortly and they couldn't help sighing. Don't look at just the numbers. In fact, this means that there are at least 1,400. The family or individual is unemployed and bankrupt.

"Accelerate the clearance, contact the original management of these banks as soon as possible, and ask them to reconvene some outstanding employees who are unemployed at home. After we complete the takeover procedures, let this group of people give me all the mortgaged properties. After checking the situation, you must not let these properties become haunted houses, homeless homes! "

Andy thought of the joke that the previous dollar can buy a villa in the United States, and he could not help but look slightly changed. The deserted detached house, the entire community has become a homeless paradise, let alone sell it again, it is a free gift. No one will live in a community full of homeless people, Nima, that is just killing!

He also looks forward to turning these half-valued properties into waste, and thinking of the real estate group in Tianchao who bought the house with cash, Andy's heart became hot!

However, if you want to attract this group of people to pay, then you must at least ensure the integrity of these properties and the public order environment of the community. Otherwise, even the best houses, the local tyrants will not take a closer look. It seems that I will see you this time. To Li Xiaoying, I would like to ask her real estate agency's investment has not been implemented! 8)